U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-11-2015, 03:06 PM
 
Location: Pennsylvania
12,494 posts, read 4,223,982 times
Reputation: 9809

Advertisements

Remember this: Social Security was designed to keep people out of poverty.
NOT to allow them to live the life of luxury.

I am John Q Taxpayer, still far enough away from 62 and I'm taking the middle road of any Social Security debate.
YES - I'm paying in to this program and expect to get $$ back so that I don't have to eat cat food.
NO -- Social security is NOT an 'untouchable' expense. I don't expect the younger generations to be broke, so that "I can have mine".
There has to be some give and take.
Reply With Quote Quick reply to this message

 
Old 04-11-2015, 03:07 PM
 
4,343 posts, read 6,056,653 times
Reputation: 10428
The way Congress moves, it will take years and be forefront in the news long before it happens (or not) so we'll have plenty of time to jump in.
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 03:20 PM
 
Location: Great State of Texas
86,093 posts, read 72,498,448 times
Reputation: 27565
Well the plot thickens as they say. The woman I bolded below it the very one that told Congress that Americans want the government to manage their retirement accounts

She doesn't like 401Ks and such and thinks a government managed retirement account with mandatory 5% contribution is a better alternative. She's way up there in the Ivory Tower and that Hillary has been meeting with her for month should raise some flags here.


Clinton campaign to focus on economic security, opportunity
To prepare for the campaign, Clinton has spent months meeting with economic policy experts, including Heather Boushey, whose research focuses on inequality, and Teresa Ghilarducci, a labor economist and retirement policy expert.


Here's some more info on her:
She wants to kill your 401(k)
Teresa Ghilarducci - Wikipedia, the free encyclopedia

Her speech to Congress (C-span video with accompanying text transcript).
Retirement Security | Video | C-SPAN.org
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 03:23 PM
 
2,294 posts, read 1,560,729 times
Reputation: 2737
Quote:
Originally Posted by nicet4 View Post
They're idiots.

Total idiots with idiot advice.

May be 30 years from now but not today and not inside the next 10 years at a minimum.
They are not idiots. They have been on the air over 20 years and have practiced fee only much longer than that. They provide sound, uncompromised financial advice. You may not agree with their advice re: social security but many things they've predicted over the decades have come true. For someone relatively close to SS age (62 for early) the issue is worth looking at.
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 03:25 PM
 
2,294 posts, read 1,560,729 times
Reputation: 2737
Quote:
Originally Posted by HappyTexan View Post
Well the plot thickens as they say. The woman I bolded below it the very one that told Congress that Americans want the government to manage their retirement accounts

She doesn't like 401Ks and such and thinks a government managed retirement account with mandatory 5% contribution is a better alternative. She's way up there in the Ivory Tower and that Hillary has been meeting with her for month should raise some flags here.


Clinton campaign to focus on economic security, opportunity
To prepare for the campaign, Clinton has spent months meeting with economic policy experts, including Heather Boushey, whose research focuses on inequality, and Teresa Ghilarducci, a labor economist and retirement policy expert.


Here's some more info on her:
She wants to kill your 401(k)
Teresa Ghilarducci - Wikipedia, the free encyclopedia

Her speech to Congress (C-span video with accompanying text transcript).
Retirement Security | Video | C-SPAN.org
Don't want to make this toooo political but if you want everyone to be poor and your hard earned money re-distributed, vote Hillary!!
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 03:30 PM
 
Location: Great State of Texas
86,093 posts, read 72,498,448 times
Reputation: 27565
Quote:
Originally Posted by Burkmere View Post
Don't want to make this toooo political but if you want everyone to be poor and your hard earned money re-distributed, vote Hillary!!
Honestly I wasn't trying to turn this into a political jab for or against Hillary.

It's about retirement accounts. This is the woman who wants government to control all our retirement money and give us a guaranteed income in return with an inflation COL every year.
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 03:35 PM
 
4,481 posts, read 4,742,235 times
Reputation: 9940
Quote:
Originally Posted by ipoetry View Post
The way Congress moves, it will take years and be forefront in the news long before it happens (or not) so we'll have plenty of time to jump in.
amen.


Reply With Quote Quick reply to this message
 
Old 04-11-2015, 03:56 PM
 
Location: Albuquerque NM
1,659 posts, read 1,523,899 times
Reputation: 3640
Quote:
Originally Posted by HappyTexan View Post
Honestly I wasn't trying to turn this into a political jab for or against Hillary.

It's about retirement accounts. This is the woman who wants government to control all our retirement money and give us a guaranteed income in return with an inflation COL every year.
Sounds like a pension. Depending on what she considers a guaranteed income, I would have preferred this over contributing to my 401K for the last 30 years. Not all of us enjoy the risk of investing or need to leave an inheritance.
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 04:01 PM
 
Location: Whereever we have our RV parked
8,783 posts, read 7,701,741 times
Reputation: 15057
We already have means testing. SS income over $34,000 gets taxed. That's means testing.
Reply With Quote Quick reply to this message
 
Old 04-11-2015, 04:11 PM
 
Location: Great State of Texas
86,093 posts, read 72,498,448 times
Reputation: 27565
Quote:
Originally Posted by augiedogie View Post
We already have means testing. SS income over $34,000 gets taxed. That's means testing.
That may be but they are calling for means testing up front which would reduce the benefits you get which in turn would lower your potential tax.

They are trying to save the SS Trust Fund. When you pay taxes on your SS those taxes do not go to the SS Fund. The means testing would happen up front and you would get lowered benefits and the excess gets to stay in the SS Trust Fund.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top